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No, converting cash to crypto is NOT money laundering. Money laundering is when you get dirty money and try to convert it into legal clean money. I'm this cas
by bufferoverflow 9y ago
No, converting cash to crypto is NOT money laundering.
Money laundering is when you get dirty money and try to convert it into legal clean money.
I'm this case there's no dirty money, it's just banks are scared of the feds, so they refuse to take it.
- vidarh 9y agoThey're scared of the feds because the money was the result of a violation of federal law. It's dirty money to anyone that has to deal with the feds.